The housing market can’t seem to catch a break.  The existing-home sales numbers were sharply lower in July according the National Association of Realtors®.  The number of sales dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent [...]

[Read more →]

Evans Senior Investments (ESI) recently announced the closing of Huntington Place, a senior living community in Janesville, Wisconsin, for the price of $14,700,000.  ESI negotiated the sale for the seller with a variety of senior living investors and operators from the Midwest and the nation, all located outside the state of Wisconsin.  The community’s 12 [...]

[Read more →]

Senior Living Investment Brokerage (SLIB) recently announced over $7 million in sales of skilled nursing facilities located in the Midwest and one memory care facility in Las Vegas, Nevada. The transactions included the sale of a skilled nursing portfolio, consisting of four properties and a total of 214 beds located throughout the state of Nebraska. 

[Read more →]

Kandu Capital, LLC, along with its operating company, Bloomfield Senior Living, recently announced the acquisition of two assisted living facilities located in Indianapolis, Indiana.  Kandu acquired Autumn Glen and Autumn Park as part of a 363 bankruptcy sale from estate of Sunwest Management.  These purchases are Kandu’s third and fourth transaction in the past 7 [...]

[Read more →]

Marcus & Millichap recently announced the sale of three assisted living facilities located in Ohio and Arizona.  The company sold Summerville at South Dayton, a 115 unit and 62,052-square foot assisted living facility located in Dayton, Ohio for $4,000,000.  Summerville at South Dayton, constructed in 2994,  is a private-pay, 115-unit assisted living and memory care [...]

[Read more →]

ARA Seniors announced the recent sale of Palm Cottages of Rockledge, a 96 unit independent, assisted living and memory care community located in Rockledge, Florida. The property was sold by Palm Land Property Holdings, Inc. to an affiliate of Salem Equity, LLC. Salem Equity is a Dallas, TX based investment firm specializing in providing equity [...]

[Read more →]

CB Richard Ellis Senior Housing Services announced two senior housing transactions in June and July totaling $16 million that were sold by affiliated entities of Sunwest Management, Inc.  During the past two years, CBRE Senior Housing Services has represented Sunwest Management affiliates in the sale of 57 facilities.  Canyon Crest, a 132-unit senior housing community [...]

[Read more →]

Senior Living Investment Brokerage recently announced the sale of two senior living facilities in Florida and in Washington state. The Tides, a former luxury hotel  located in Florida, was sold as an REO asset for the Private Bank for $4.5 million to a partnership between Senior Management Advisors  and ValStone Partners.  The partnership intends to [...]

[Read more →]

National Health Investors, Inc. (NYSE:NHI) announced earlier this month the sale of two skilled nursing facilities in Texas and a $11.5 million purchase/leaseback transaction with Bickford Senior Living and its affiliates (“Bickford”) involving two assisted living facilities in Iowa and one in Indiana.  The sale of the two skilled nursing facilities in Texas was to [...]

[Read more →]

Senior Living Investment Brokerage, Inc. facilitated the sale of a 54 Unit Independent Living Facility located in the city of Peru for $4.35 million, or approximately $80,555 per unit.  The facility, located approximately 69 miles north of Indianapolis and 60 miles west of Ft Wayne, was originally developed by a local hospital in 2000 and [...]

[Read more →]

Cambridge Realty Capital Cambridge Realty Capital Companies recently announced the closing of a a $10.02 million FHA-Insured HUD LEAN mortgage for Villa Health Care, a 212-bed skilled nursing and assisted living facility in Sherman, Illinois.  The property has 99 skilled nursing and 113 assisted living beds and financed through HUD’s 232(a)7 – LEAN program.  

[Read more →]

NHC Acquires Home Care National HealthCare Corporation (NYSE-Amex: NHC) (NYSE-Amex: NHC.PRA) recently announced that its affiliate has recently purchased the assets of Home Health of South Carolina, Inc., increasing the number of homecare offices from four to seven in the state and 36 offices throughout the south. The new locations are in Rock Hill, Summerville, [...]

[Read more →]